Best Basic Materials Stocks

This Basic Industry forecast is designed for investors and analysts who need daily stock market predictions of the best-performing stocks for the whole Basic Industry (see Basic Industry Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best basic materials stocks to buy based on artificial intelligence:

• Top 10 Basic Industry stocks for the long position
• Top 10 Basic Industry stocks for the short position

Package Name: Basic Industry Forecast
Recommended Positions: Long
Forecast Length: 3 Months (5/19/2019 – 8/19/2019)
I Know First Average: 7.69%

The algorithm correctly predicted 8 out 10 of the suggested trades in the Basic Industry Forecast Package for this 3 Months forecast. The prediction with the highest return was MHO, at 22.29%. Other notable stocks were MTH and LMT with a return of 22.13% and 12.57%. The package had an overall average return of 7.69%, providing investors with a premium of 5.45% over the S&P 500’s return of 2.24% during the same period.

M/I Homes, Inc. (MHO), together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. It operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments. The company designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers under the M/I Homes and Showcase Collection brand names. It also purchases undeveloped land to develop into developed lots of single-family homes, as well as for sale to others. In addition, the company originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. The company was formerly known as M/I Schottenstein Homes, Inc. and changed its name to M/I Homes, Inc. (MHO) in January 2004. M/I Homes, Inc. (MHO) was incorporated in 1973 and is based in Columbus, Ohio.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.